• A bank clerk counts renminbi banknotes in a bank branch in Huaibei in central China's Anhui province Wednesday Aug. 26, 2015.   Asian stocks rose Wednesday after a rocky start following Beijing's decision to cut a key interest rate to help stabilize gyrating financial markets and free up more funding to counter short liquidity. (Chinatopix Via AP) CHINA OUT

    Asian stocks post modest gains after China rate cut

    NEW YORK (AP) — U.S. stocks are opening sharply higher Wednesday after slumping for six straight days amid concern that growth in China was slowing more quickly than previously thought.